Tatum, NM is a small city located in the southwestern United States. It offers all the amenities of living in a small town while still being close to larger metropolitan areas. The cost of living is much lower than the US average; two bedroom rent in Tatum is only $1,000 per month while it's $1,430 across the nation. Grocery costs are also lower with a local grocery cost index of just 89 compared to 100 for the US. Local companies include G&S Oilfield Services and Tatum Concrete Construction Inc. There are plenty of recreational activities to enjoy in Tatum such as Rattlesnake State Park and the Trinity River Wildlife Refuge. If you're looking for a quiet place to call home without sacrificing access to modern amenities, Tatum could be right for you.
Tatum has an unemployment rate of 11.3%. The US average is 6.0%.
Tatum has seen the job market increase by 7.8% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Tatum
- The Sales Tax Rate for Tatum is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Tatum is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Tatum
- The average income of a Tatum resident is $21,632 a year. The US average is $28,555 a year.
- The Median household income of a Tatum resident is $43,636 a year. The US average is $69,021 a year.